Harrison, Inc., has the following book value balance sheet: Balance Sheet Assets Liabilities and equity Current assets $ 115,000,000 Total debt $ 128,000,000 Equity Common stock 45,000,000 Capital surplus 72,000,000 Net fixed assets 245,000,000 Accumulated retained earnings 115,000,000 Total shareholders' equity $ 232,000,000 Total assets $ 360,000,000 Total debt and shareholders' equity $ 360,000,000

a. What is the debtequity ratio based on book values? (Do not round intermediate calculations and round your answer to 3 decimal places, e.g., 32.161.)

Debtequity ratio times

b. Suppose the market value of the company's debt is $129.5 million and the market value of equity is $660 million. What is the debtequity ratio based on market values? (Do not round intermediate calculations and round your answer to 3 decimal places, e.g., 32.161.)

Debtequity ratio times